After becoming Pakistan’s first fintech to win an E-Money Institution (EMI) license pilot green light from State Bank of Pakistan, Finja has now also been added to the bank’s list for Interbank Fund Transfers from any bank or ATM in Pakistan. This marks the first time a non-bank has been allowed this access and will […]

Grab, Southeast Asia’s leading everyday super app launches the GrabPay Card in the Philippines, a digital-first prepaid card powered by Mastercard that extends GrabPay’s reach globally with unparalleled card security, hassle-free online payments and expanded rewards ecosystem to bring the convenience of cashless payments to more Filipinos. In a survey conducted by Mastercard in the […]

Launched to facilitate secure, cheap, and rapid remittances by overseas Pakistani’s, the Pakistan Remittance Initiative (PRI) is a joint initiative of the State Bank of Pakistan, Ministry of Overseas Pakistanis, and Ministry of Finance. Remittances play a crucial role in Pakistan’s economy, providing a much-needed inflow of dollars to boost foreign exchange reserves. Ranking amongst […]

“The new players will be tested now on their robustness and their ability to continue to be the innovators in the industry. It’s a challenge for them but with the silver lining of the opportunity when truly innovative digital services can now be offered”, expressed financial service industry expert from Europe, Middle East and Africa, […]

“With the current pandemic, banks and financial institutions need technologies and solutions in place that can scale and get up and running in a matter of hours while balancing a seamless customer experience”, expressed Charbel George Diab, Managing Director – OneSpan Middle East FZE and Regional Sales Director – Middle East, Africa, Turkey, Central Asia […]

Bookme Tickets Pvt Ltd (Bookme.pk) and 1LINK (Pvt) Limited (1LINK) have partnered for 1LINK – 1BILL aggregation services to simplify digital payments for Bookme.pk’s 4.5 Mln customers across Pakistan. This partnership aims to cater to the growing consumer demand for convenient and cost-effective digital payment options. This strategic partnership will further drive the digital payments […]

JS Bank Ltd is one of the fastest-growing banks in Pakistan, with 360 branches in 180 cities. With the objective of creating a differentiation in the digital and consumer banking space, the Bank has recently entered into a multi-dimensional agreement with the world’s leader in digital payments – Visa. This partnership with Visa showcases JS […]

Emirates Islamic, one of the leading Islamic financial institutions in the UAE, today announced the launch of a campaign offering free international transfers for all individual customers during the ongoing COVID-19 situation. As part of the campaign which runs until 11 August 2020, customers can transfer funds to more than 150 countries in over 30 […]

The State Bank of Pakistan, in a meeting of the Monetary Policy Committee (MPC) on Friday, reduced the policy rate by 100 basis points to 8 percent.’ This decision reflected the MPC’s view that the inflation outlook has improved further in light of the recent cut in domestic fuel prices. As a result, inflation could […]

“We are noticing a 30% decrease in the branch banking footfall as customers adopt digital channels to ensure social distancing”, said Shehryar Bakht Ali, Head of Retail Banking, Bank One Limited – Mauritius, during an exclusive Q&A session with our editor in Chief on the impact of COVID-19 on overall financial sector. 1. How is […]